Several brokerages have updated their recommendations and price targets on shares of Akamai Technologies (NASDAQ: AKAM) in the last few weeks:

  • 7/28/2017 – Akamai Technologies had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $60.00 price target on the stock.
  • 7/28/2017 – Akamai Technologies had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $60.00 price target on the stock.
  • 7/26/2017 – Akamai Technologies had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $54.00 price target on the stock, down previously from $58.00.
  • 7/26/2017 – Akamai Technologies had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $57.00 price target on the stock.
  • 7/26/2017 – Akamai Technologies had its price target lowered by analysts at Oppenheimer Holdings, Inc. from $70.00 to $60.00. They now have an “outperform” rating on the stock.
  • 7/26/2017 – Akamai Technologies had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $56.00 price target on the stock, down previously from $58.00.
  • 7/21/2017 – Akamai Technologies had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $61.00 price target on the stock.
  • 7/17/2017 – Akamai Technologies had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $70.00 price target on the stock, down previously from $73.00.
  • 6/30/2017 – Akamai Technologies had its “sell” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $46.00 price target on the stock, down previously from $52.00.
  • 6/27/2017 – Akamai Technologies was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/11/2017 – Akamai Technologies had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $66.00 price target on the stock.

Akamai Technologies, Inc. (NASDAQ AKAM) traded down 2.30% on Thursday, hitting $46.31. 1,848,923 shares of the company traded hands. Akamai Technologies, Inc. has a 1-year low of $45.41 and a 1-year high of $71.64. The firm has a market capitalization of $7.97 billion, a PE ratio of 26.45 and a beta of 0.66. The firm’s 50 day moving average price is $49.61 and its 200 day moving average price is $56.33.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The company had revenue of $608.90 million for the quarter, compared to analysts’ expectations of $604.51 million. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that Akamai Technologies, Inc. will post $2.52 EPS for the current fiscal year.

In other Akamai Technologies news, CEO F Thomson Leighton purchased 19,817 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were bought at an average cost of $50.45 per share, with a total value of $999,767.65. Following the acquisition, the chief executive officer now owns 205,861 shares in the company, valued at $10,385,687.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederic V. Salerno purchased 5,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was acquired at an average cost of $46.83 per share, for a total transaction of $234,150.00. Following the completion of the acquisition, the director now owns 62,192 shares in the company, valued at approximately $2,912,451.36. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 66,410 shares of company stock worth $3,233,594. 3.20% of the stock is owned by insiders.

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

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